February 29, 2012

MCX Silver Tips Trend Evening Session

MCX Silver (March) is trading in a uptrend and noticed gain in the prices trading above 59900-700 levels has faced resistance at 63300 and it is expected that the resistance level will soon breached as the prices for silver is trading above 61000. MCX Silver (Mar) prices have to clear 63400 for a possible targets of 63900 / 65000 or even more. In the mean time unexpected drops below 59800 could open room for strong selling pressure.
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